China's hoard of foreign exchange rose more than expected in March, as capital outflows eased while valuation effects boosted the reserves, official data showed Friday.
China's foreign-exchange reserves, the world's biggest, rose $50.72 billion to $3.184 trillion at the end of March, according to data released by the People's Bank of China.
That beat the $27 billion increase expected by economists surveyed by The Wall Street Journal.
Economists expected the hoard of foreign exchange to have risen last month as capital-outflow pressure eased, while the U.S. dollar weakened against other global currencies such as the euro and Japanese yen.
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2023-04-07 08:19:00Z
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